News & Insights
Blumberg Capital portfolio news, startup growth resources and industry insights
Year of establishment: 2018
Founders: Lior Yogev (CEO), Yaniv Zakaria (CTO), Uri Katz (VP R&D). The founders met during their military service in Unit 8200, since then they separately developed successful careers in the fields of business and technology, until they teamed up to establish FundGuard in 2018. In the past, Lior Yogev led the North American activity at Multifonds, which was later sold to Temenos. Prior to that, he worked in software development at Radware and worked as an investment banker at Goldman Sachs. Yaniv Zakaria, served as R&D manager at Salesforce Israel and led the development of the company’s AI capabilities, which he joined following the acquisition of the startup Bluetail, which he co-founded. Uri Katz, was a senior engineer at Natural Intelligence, head of financial algorithms at TipRanks , and developed a machine learning and natural language analysis tool for creating investment recommendations.
Location of the company’s offices in the world: Tel Aviv, New York, Boston, London
The total capital raised to the company’s coffers since its establishment: 57 million dollars
Notable investors: Team8, Blumberg, Lion Bird, State Street, Citi
Description of the market in which the company operates: FundGuard has developed a cloud platform for managing investment portfolios, intended for institutional entities in a market that provides services for financial assets worth trillions of dollars.
Company product description: Fundguard’s platform provides a solution for managing various financial products, including mutual funds, ETFs and hedge funds, while automating portfolio management and administration with the help of artificial intelligence capabilities. The technology leads to cost reduction through improving work processes and collaboration capabilities between different units and companies. It enables identification of problems and failures and provides practical insights to improve management.